ENTREP REVIEWER

Lawrence A. Appley

“management is the development of people and not the direction of things”

Joseph Massie

“management is defined as the process by which a cooperative group directs action towards common goals”

George R. Terry

“management is a distinct process consisting of planning, organizing, actuating, and controlling, performed to determine and accomplish the objectives by the use of people and resources”

James L. Lundy

“management is principally the task of planning, coordinating, motivating, and controlling the efforts of others towards a specific objective”

Henry Fayol

“to manage is to forecast and to plan, to command, to coordinate and to control

Peter Drucker

management is a multipurpose organ that manages a business and manages managers and manages workers work

J.N. Schulze/ Johann Heinrich Schulze

management is the force which leads, guides, and directs an organization in the accomplishment of pre-determined objectives

Koontz and O’donnel

management is defined as the creation and maintenance of an internal environment

Ordway Tead

management is the process and agency which directs and guides the operations of an organization in realizing established aims

Stanley Vance

management is simply the process of decision making and control over the actions of the human beings for the express purpose of attaining pre determined goals

management as a discipline

management is regarded as a field of study or discipline

management as a group of people

management consists of individuals or a group of people who perform managerial activities

management as a process

a process refers to a series of actions that achieve something

planning

is considered to be the CENTRAL FUNCTION of management

organizing

process of assigning and arranging tasks

staffing

function ensures that necessary human resources are available to execute plans

leading

refers to the process of motivating

controlling

involves comparing actual performance to a predetermined standard

classical management

characterized as a time period in which traditional ways of managing were challenged

SCIENTIFIC MANAGEMENT

Frederick Taylor

Frank & Lillian Gilbreth

ADMINISTRATIVE MANAGEMENT

Henry Fayol

BUREAUCRATIC ORGANIZATION

Max Weber

INFORMAL ORGANIZATION

Chester Barnard

Scientific Management

Frederick Winslow Taylor is regarded as the founder and "father of scientific management."

ADMINISTRATIVE MANAGEMENT THEORY

concerned primarily with how organizations should be managed and structured.

BUREAUCRATIC MODEL

Max Weber, German sociologist, lawyer, and social historian, showed how management itself could be more efficient and consistent.

Division of labor

Jobs are well defined, and workers become highly skilled at performing them.

Hierarchy and Authority

Authority and responsibility are well defined for each position,

Formal rules and procedures

Written guidelines, direct behavior, and decisions in jobs

impersonality

Rules and procedures are impartially and uniformly applied, with no one receiving preferential treatment.

Informal Organization

Chester Barnard was an American business executive, public administrator, and the author of pioneering work in management theory and organizational studies.

Behavioral management

emphasized improving management through the psychological makeup of people.

interpersonal roles

involve interactions with persons inside and outside of the work unit

informational roles

involve giving, receiving, and analyzing of information

decisional roles

involve using information to make decisions to solve problems or address opportunities

sole proprietorship

known as “one man business”

partnership

TWO OR MORE persons

board of directors

stock holders

environmental scanning

identifying and analyzing various forces or elements.

general environment

sometimes also known as “macroenvironment”

specific environment

also called as task environment or competitive environment

competitors

rival firms within the same industry

new entrants

new competitors entering the market

substitutes and complements

based on the ability of consumers to find what they want from sellers

suppliers

the ability of vendors to influence the price that businesses have to pay for their products or services.

customers

the ability of consumers to influence the price that they will pay for